As Ethereum phishing gets harder, drainers move to TON and Bitcoin

Drainers are engaged in a game of cat and mouse with cybersecurity firms as they hop from blockchain to blockchain. TON is their next stop.

The TON blockchain has been the crypto success story of 2024. Toncoin’s price has increased by more than 5x over the past year and it surged into the top 10 cryptocurrencies by market capitalization.

Its clicker games with airdrops like Notcoin and Hamster Kombat have helped drive daily active addresses above Ether’s.

The 900 million users of the Telegram messaging platform excites proponents who see TON as a potential mass adoption play.

The eye-watering numbers are a project’s dream, but it’s also an oasis for drainers stuck in Ethereum, where lakes of victims are starting to dry up.

Crypto-Sec: Phishing scammer goes after Hedera users, address poisoner gets \\$70K

This week’s news in cybersecurity from around the crypto space covers bug fixes, phishing scams, crypto exchange hacks and more.

On June 26 a marketing email for Hedera was hacked, with the attacker sending out phishing emails to the team’s subscribers. Hedera is the developer of Hedera Hashgraph, a proof-of-stake blockchain network launched in 2018.

The team acknowledged the hack in a post to X and warned users not to interact with any links in emails from marketing@hedera.

Phishing is a technique where an attacker poses as a trusted source and convinces the user to give away information or to perform an action the attacker desires. In this case, the attacker used the compromised Hedera email to pretend to be a representative of the development team.

The team has not yet disclosed what was in the phishing emails. However,\xa0most crypto phishing emails...

El Salvador’s national Bitcoin chief has been orange-pilling Argentina

The head of El Salvador’s new National Commission of Digital Assets has been spreading his country’s pro-Bitcoin message in Argentina.

It takes more than 10 hours to fly from El Salvador to Argentina, but Juan Carlos Reyes’ recent flight may be one of the most important of his life.

It may also have global significance, not that Reyes can reveal too much about it at the moment.

The appointed President of El Salvador’s newly created National Commission of Digital Assets (CNAD), Reyes has just returned from Buenos Aires after high-level meetings with Argentina’s securities regulator, the National Securities Commission.

Speaking exclusively to Magazine, he is in a cheery mood, albeit diplomatic, when talking of a potential collaboration between the two Bitcoin-friendly countries.

Web3 Gamer: Crypto game rewards not ‘crucial,’ Farmville creator makes case for beta releases

Farmville creator defends game beta releases, and crypto game rewards are not a “crucial” component, according to Sam Saliba: Web3 Gamer.

“I actually like this whole build in public, always evolving the game. It’s like release and iterate,” Mahajan tells Cointelegraph.

He explains that while it might feel like a tease for gamers and a cheap tactic to generate more excitement, it’s incredibly helpful for the developers.

Cointelegraph on 📺YouTube: Earn Passive Income with Crypto

When the market is trading sideways, it is the best time to put your crypto to work and earn passive income from it. In this video, we show you five methods you can use to generate income with crypto and evaluate the pros and cons of each.

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